Sunday, Mar 1, 2026

International Finance

Category : Economy

Economy

‘Bill for Turkey coup attempt is $100 billion’

International Finance Desk
by International Finance Desk
Minister says rebels made Turkey look like a Third World country IFM Correspondent August 3, 2016: The bid to overthrow the government of President Recep Tayyip Erdogan proved very costly for Turkey. According to Bulent Tufenkci, customs and trade minister, the attempt came at of cost of $100 billion (300 billion liras) to the economy....
Read more
Economy

‘China’s shift to services not good in long run’

International Finance Desk
by International Finance Desk
The country is going through premature deindustrialisation, say experts Suparna Goswami Bhattacharya August 3, 2016: Of late, China has been less in the news for its ‘slowdown’. Economic activity in the country has stabilised in recent months, mostly on the back of the property market rally and strong infrastructure investments. But, there is another challenge...
Read more
Economy

Flying through the eye of a storm

International Finance Desk
by International Finance Desk
Expect UK to enter technical recession between second half of 2016 and first half of 2017 Jaspreet Sehmi August 2, 2016: In its first set of projections published since the UK voted to leave the EU, the IMF has downgraded its forecasts for global, eurozone and UK growth. In addition, the Fund says that the...
Read more
Economy

‘Brexit will cut global economic growth by 0.1 per cent’

International Finance Desk
by International Finance Desk
Also, the referendum may distract EU decision makers from core areas Suparna Goswami Bhattacharya July 28, 2016: Almost a month after the UK decided to exit the European Union, economists around the globe have come out with data suggesting that the referendum has had a mixed impact on the global economy with certain areas getting...
Read more
Economy

IMF cuts its global growth

International Finance Desk
by International Finance Desk
Predicts increase in uncertainty after Brexit IFM Correspondent July 20, 2016: Keeping a close eye on Brexit and its anticipated impact, the International Monetary Fund (IMF) has cut its global growth forecasts for the next two years. The move included a nearly full percentage point reduction in the UK’s 2017 growth forecast. Cutting its World...
Read more
Economy

Brexit: £50,000 per employee cost for relocation

International Finance Desk
by International Finance Desk
Banks and other financial services firms considering relocating parts of workforce away from UK July 19, 2016: Synechron Inc, a global consulting and technology innovator in the financial services industry, announced the results of its analysis that determined it would cost banks and other financial services companies an average of £50,000 per employee to relocate...
Read more
Economy

BOE keeps rates unchanged

International Finance Desk
by International Finance Desk
Move surprises many; however, cuts may take place in August IFM Correspondent July 15, 2016: In a move that has surprised many, Bank of England (BoE) has kept interest rates unchanged, despite widespread expectations that it was going to cut its benchmark rate in the wake of a June vote in the UK to leave...
Read more
Economy

Saudi Arabia mulling over income tax on expats

International Finance Desk
by International Finance Desk
However, economists do not think the plan will see the light of the day Suparna Goswami Bhattacharya July 15, 2016: With an eye on increasing its non-oil revenue, Saudi Arabia is considering a plan to tax millions of expats residing in the Kingdom. The proposal was included in the country’s National Transformation Plan (NTP), an...
Read more
Economy

UBS may shift its base outside the UK

International Finance Desk
by International Finance Desk
Banks worry about losing passporting rights IFM Correspondent July 14, 2016: With uncertainty looming large post-Brexit, some banks may shift their headquarters and offices outside London. Andrea Orcel, president of UBS Investment bank, has warned that it is considering moving its staff to a European country, following the UK’s vote to leave the EU. UBS,...
Read more
Economy

Brexit presents big opportunities for the UK

International Finance Desk
by International Finance Desk
It will now be able to embrace more market-friendly policies Suparna Goswami Bhattacharya  July 13, 2016: While many of us would like to believe that the UK is in a mess, thanks to Brexit, what we all tend to ignore is the upside opportunities that Britain will now have. There are legitimate reasons to believe that...
Read more